Dollar closed at 64.2100 against its opening of 63.8700. Dollar ends up on buying by PSBs amid likely FII outflows from local stocks.Dollar in the offshore market rebounded during European trades tracking the rebound in the spot pair on likely overseas fund outflows from local stocks amid oil importers' demand. Local stocks open higher tracking the overnight gains in the west despite Lunar New Year holiday. The greenback dropped to lowest since December 18, 2014 after mixed US economic data. On the US economic front, first-time claims for unemployment benefits increased in line with economist estimates in the week ended Feb 10th, said the Labour Department on Thursday.......

Asian shares extended their recovery from two-month lows into a fifth day on Friday as the Wall Street market volatility gauge fell, while the U.S. dollar was undermined by various worries including rising inflation.Gold prices held firm on Friday to remain on track for their biggest weekly percentage gain in nearly two years, buoyed by a weaker U.S. dollar and as investors looked to hedge against inflation.Oil prices edged higher on Friday as the dollar stood near a three-year low in subdued Asian trade, with many markets closed for the Lunar New Year holiday. Nirav Modi’s name is a stamp of corporate India’s growing global prestige.......